Here are 6 ‘Beautiful Bill’ tax changes that will benefit wealthy Americans

Image credit: macrovector via Freepik, Article by Scott Neuman. NPR – November 5, 2025.

Tax and estate consultant Gary Phillips, based in New York, says as tax season approaches, the mood is upbeat among his clients. The reason? The extension of a series of tax breaks approved by the Republican-led Congress this past summer as part of President Trump’s “One Big Beautiful Bill” that mainly benefit high-net-worth and high-income people. “We have a lot of happy clients,” says Phillips, who handles taxes, trusts and estates at Cole Schotz P.C. “There’s more certainty now.” […]

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